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The Latest Breaking News from the International Energy Agency

Crude Prices Gain on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +0.74 (+0.90%), and August RBOB gasoline (RBQ26 ) closed down -0.0037 (-0.11%). Crude oil and gasoline prices settled mixed on Monday, with crude oil rallying to a 5-week high amid the escalation of hostilities between the US and Iran, which...

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Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal

August WTI crude oil (CLQ26 ) today is down -0.33 (-0.40%), and August RBOB gasoline (RBQ26 ) is down -0.0158 (-0.47%). Crude oil and gasoline prices gave up overnight gains and turned lower after Reuters reported that mediators had proposed a 10-day ceasefire between the US and Iran. Prices initially...

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Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

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Crude Oil Prices Soar as the US and Iran Escalate Attacks

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...

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IEA report flags critical minerals risks as France steps up its strategy

The International Energy Agency has warned that investment in critical minerals fell in 2025 and supply chains grew more concentrated, posing fresh risks for France as it races to secure the raw materials needed for its industrial and energy transition.

Radio France Internationale

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

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Crude Oil Prices Weaken on Dollar Strength

August WTI crude oil (CLQ26 ) today is down -0.24 (-0.30%), and August RBOB gasoline (RBQ26 ) is down -0.0088 (-0.27%). Crude oil and gasoline prices are slightly lower today, weighed down by a stronger dollar. Crude prices are supported by heightened US-Iran tensions, which have reduced crude oil flows...

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China’s Rare Earth Curbs Could Trigger $6.5 Trillion Supply Shock for Industries From EVs to Weapons Systems, IEA Warns

China’s rare earth export controls could expose $6.5 trillion of production outside the country to supply shocks, the International Energy Agency warned on Thursday, highlighting how small volumes of strategic minerals can threaten large parts of the global economy.

Benzinga

Crude Oil Prices Move Higher on the Prospects of Tighter Global Supplies

August WTI crude oil (CLQ26 ) on Wednesday closed up +0.26 (+0.33%), and August RBOB gasoline (RBQ26 ) closed up +0.0736 (+2.28%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 7-week high. Crude prices found support after the US launched airstrikes against Iran...

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Crude Oil Prices Erase Early Gains on a Bearish EIA Inventory Report

August WTI crude oil (CLQ26 ) today is down -0.54 (-0.68%), and August RBOB gasoline (RBQ26 ) is up +0.0206 (+0.64%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance and turned lower today on a bearish weekly EIA inventory report. Crude prices initially...

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Crude Oil Prices Rise as US-Iran Hostilities Continue

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.20 (+1.54%), and August RBOB gasoline (RBQ26 ) closed up +0.0610 (+1.93%). Crude oil and gasoline prices added to Monday’s gains on Tuesday, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as...

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Crude Oil Prices Climb as US-Iran Truce Collapses

August WTI crude oil (CLQ26 ) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26 ) is up +0.0466 (+1.47%). Crude oil and gasoline prices added to Monday’s gains today, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as the truce...

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Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

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Crude Oil Prices Surge as US Reinstates Blockade of Iran

August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after...

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International Business Times

US Bucks The Trend Despite Price Spike, But Oil Demand Set To Slump: When Is A Recovery Expected

Oil demand worldwide is expected to dip this year, the International Energy Agency said in a report. The expected decline in oil demand would be the first time since the peak of the COVID-19 pandemic in 2020, the IEA report said.

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Crude Oil Prices Retreat as US-Iran Peace Talks Set to Continue

August WTI crude oil (CLQ26 ) on Friday closed down -0.67 (-0.93%), and August RBOB gasoline (RBQ26 ) closed down -0.0541 (-1.78%). Crude oil and gasoline prices gave up an early advance on Friday and moved lower as prices whipsawed on various news headlines. Crude prices initially jumped on Friday...

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Crude Oil Prices Slide as President Trump Said Iran Peace Talks to Continue

August WTI crude oil (CLQ26 ) today is down -0.88 (-1.22%), and August RBOB gasoline (RBQ26 ) is down -0.0891 (-2.93%). Crude oil and gasoline prices gave up an early advance today and turned lower as prices whipsawed on various news headlines. Crude prices initially jumped after Iran vowed to...

International Business Times

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

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The Economic Times

Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening

Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and…

Euronews

How Europe's growing need for cooling is reshaping electricity demand

Europe's June heatwave has driven up electricity demand and wholesale power prices across the continent, highlighting the growing impact of cooling needs on electricity systems.

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Crude Oil Prices Fall Sharply as Persian Gulf Oil Flows Accelerate

August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline prices sold off sharply on Wednesday, with crude oil posting a 3.5-month low. Wednesday’s rally in the dollar index ($DXY ) to a 13-month...

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Crude Oil Prices Sink as Global Oil Supplies Recover

August WTI crude oil (CLQ26 ) today is down -3.02 (-4.13%), and August RBOB gasoline (RBQ26 ) is down -0.0842 (-2.95%). Crude oil and gasoline prices are falling sharply today, with crude oil posting a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high is...

International Business Times

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

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Tightness in US Crude Supplies Supports Crude Oil Prices

July WTI crude oil (CLN26 ) on Wednesday closed up +0.74 (+0.97%), and July RBOB gasoline (RBN26 ) closed up +0.0291 (+1.01%). Crude oil and gasoline prices settled higher on Wednesday, with crude recovering from a 3.5-month low. Crude oil prices rose on Wednesday on some technical buying after sharp...

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Crude Oil Prices Jump as US Domestic Supplies Tumble

July WTI crude oil (CLN26 ) today is up +0.90 (+1.18%), and July RBOB gasoline (RBN26 ) is up +0.0098 (+0.34%). Crude oil and gasoline prices are moving higher today, with crude recovering from a 3.5-month low. Crude oil prices are climbing today on some technical buying after sharp losses...

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